Flipkart is a giant E-commerce marketplace from India. It’s well known for its path Breaking Services like Cash on Delivery, In-a Day Delivery.In 2007 It was Founded by two Bansal Duo.
Initially, It was started as a Very Small Website. But Later Flipkart has traveled a tough and successful journey and reached the Top. Sachin Bansal emerged as the face of the company, while a silent stakeholder in the billion-dollar startup largely stayed in the background.
Lately, Flipkart Tried to Grab the fashion industry as one of their boldest moves. Recently Flipkart acquired Myntra for a staggering amount of $300m. Let’s Move ahead to Know more about Interesting Facts which is very Inspirational.
Here some Interesting Facts about Flipkart
∼ Sachin bansal and Binny Bansal are not related. Both are from Chandigarh and both went to the same school.
∼ Two became close friends at IIT-Delhi, Sachin and Binny were not good friends as children. They were one of the best performers both at IIT and at Amazon.
∼ Both Co-Founders left Amazon to launch India’s own Online Book Selling Site and thus founded Flipkart.
∼ After a different round of fundings with a market valuation of nearly 10 Billion as of September 2016
∼ Flipkart had a market share of 45% in 2015 easily beating the competitors like Amazon and Snapdeal.
∼In a second Big Billion Sale. Flipkart saw a turnover of $300 million in gross merchandise volume.
∼Time Magazine named Sachin & Binny Bansal in the prestigious list of 100 Most Influential Person in 2016
∼ Its now clocking US$1.5 billion Yearly and termed as India’s Alibaba. Walmart and Alphabet (Google ) are in race take over this Company.
∼ During Big Billion Day, Sachin, Binny, Punit & others delivered the products to some of the customers.
∼ In 2014, Flipkart launched its own set of tablet, mobile phones & Phablet with brand name DIGIflip.
∼ Flipkart’s search engine is called ‘Sherlock’
∼ Flipkart launched its in-house home appliances and personal healthcare brand Citron.
∼ Flipkart offered Snapdeal an amount of $700-$800 million, but Snapdeal rejected its deal.
Collected Facts we Collected from Company Site, Wikipedia page and News of the Flipkart brand. This is interesting what we gather but I don’t guarantee that all are 100% accurate.